Further Rs.1,000 Crore for OROP: Budget 2014-15 – Defence allocation raised to Rs.2,29,000 crore
CAPITAL OUTLAY FOR DEFENCE MODERNIZATION INCREASED BY RS 5,000 CRORE
Allocation for defence in this year’s General Budget has been raised
to Rs 2,29,000 crore. Presenting the Union Budget in Lok Sabha today,
the Union Finance Minister Shri Arun Jaitley also proposed a further sum
of Rs 1,000 crore to address the pension disparities while implementing
the policy of “one rank one pension” for soldiers.
Emphasizing on the modernization of the armed forces to enable them to play their role effectively in the defence of country’s strategic interests, the Finance Minister also proposed to increase the capital outlay for defence modernization by Rs 5,000 crore over the amount provided for in the interim Budget. This includes a sum of Rs 1,000 crore for accelerating the development of the Railways system in the border areas. He said urgent steps would also be taken to stream line the procurement process to make it speedy and more efficient.
PRESS INFORMATION BUREAU GOVERNMENT OF INDIA
***
DEFENCE ALLOCATION RAISED TO RS 2,29,000 CRORECAPITAL OUTLAY FOR DEFENCE MODERNIZATION INCREASED BY RS 5,000 CRORE
New Delhi: July 10, 2014
Ashadha 19,1936
Ashadha 19,1936
Emphasizing on the modernization of the armed forces to enable them to play their role effectively in the defence of country’s strategic interests, the Finance Minister also proposed to increase the capital outlay for defence modernization by Rs 5,000 crore over the amount provided for in the interim Budget. This includes a sum of Rs 1,000 crore for accelerating the development of the Railways system in the border areas. He said urgent steps would also be taken to stream line the procurement process to make it speedy and more efficient.
***
DSM/Samir/SK
0 comments:
Post a Comment